TRUST ADMINISTRATION

Helping Families During Times of Loss

New Jersey Trust Administration Lawyers

Trust administration refers to the trustee’s management of trust property. The trustee, or fiduciary, is appointed to manage and account for the deceased’s funds. The trustee takes on numerous essential responsibilities, all of which may have serious legal implications. Trust administration, while complicated, can be well-managed with the help of an experienced attorney.

The trust administration attorneys at Bercik law in New Jersey can help trustees navigate the legal obligations they have and better understand their requirements in this role.

Requirements of Trust Administration

As a trustee, you have responsibilities to uphold.  Some of these obligations include:

  • Acting in the best interest of the grantor
  • Avoiding conflicts of interests
  • Not profiting from the position as trustee
  • Adopting requirements for trust accounting

These responsibilities are legal requirements for trustees to maintain, and any error, whether intentional or accidental, could have problematic legal issues. Fortunately, New Jersey trustees can talk with a skilled knowledgeable trust administration attorney to get advice and assistance regarding their role.

Contact Requirements of Trust Administration

As a trustee, you have a certain number of important responsibilities that you are now expected to fulfill. Some of these responsibilities include the following:

  • Acting in the best interest of the grantor
  • Avoiding conflicts of interests
  • Avoiding profiting from position as trustee
  • Adopting requirements for trust accounting

These responsibilities are a legal requirement for trustees to uphold, and any mistake, whether intentional or accidental, could lead to troublesome legal issues. Fortunately, New Jersey trustees can talk with an experienced trust administration attorney to get advice and assistance regarding their role.

Contact a Trust Administration Attorney in New Jersey

If you have recently been appointed as a trustee, it is critical that you know all the responsibilities you now have and how to properly uphold them. The attorneys of Bercik Law help trustees better comprehend their legal expectations as well as offer advice and guidance for trust administration and accounting. Contact us at (732) 483-6300.

Please tell us more, we’re here to listen…

There is no cost for contacting our firm.
We understand that the disputes facing you can seem daunting. It is our goal to put you at ease.

Revmont Park
1161 Broad Street (Rt. 35 North)
Suite 215
Shrewsbury, NJ 07702

Tel: 732-483-6300
Fax: 732-676-7636

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